SOL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0525%/8h= −57.5% APRnext payment −$0.66 per $10,000 · paid last 24h −0.012%

Price spread now: Hibachi against RISEx−0.060%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on RISEx Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.108%−$11 on $10k

Price spread, last 4 days (all we have)+1.590%+$159 · spread now −0.060%, 7d avg +0.024%

Together, before fees+1.481%+ Points / potential airdropHibachi: Active · farm board+$148 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Hibachi is 0.083% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.024%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.108% in total (about -10.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.66 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx SOL/USDC	116.36	0.0485	pay 0.0061% / 1h	10m 00s	$2.1M	$4.8M	20x
Short	Hibachi SOL/USDT-P	116.29	−0.0040	pay 0.0005% / 1h	10m 00s	$102K	$678K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee HibachibpOrdersPrice spread, now −0.060%Rate

Funding earned: −$110.18
Price spread: −0.060% → +0.024%: −$8.35
Slippage, 4 orders: −$3.6
Fee RISEx: 3 bp × 2 orders: −$6
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$137.13
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Hibachi: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy RISEx live order book, 4 min ago	0.04 bp	4.4 bp −$4	7.7 bp −$77	doesn't fit	doesn't fit
Sell Hibachi live order book, 29 min ago	1.07 bp	5.6 bp −$6	18.4 bp −$184	doesn't fit	doesn't fit

SOL on 55 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_SOLUSD	−0.0153%	1h	116.37	+0.008%	$32.3M	$106.7M	100x	as long as short
Bybit SOLUSDT	−0.0094%	8h	116.25	−0.091%	$733.7M	$1.43B	100x	as long as short
Hotstuff SOL-PERP	−0.0080%	1h	116.33	−0.022%	$1K	$8K	25x	as long as short
Injective SOL/USDC PERP	−0.0055%	1h	116.36	+0.003%	$4K	$2K	12x	as long as short
Hibachi SOL/USDT-Pshort	−0.0040%	1h	116.29	−0.060%	$102K	$678K	20x
Vest SOL-PERP	−0.0030%	1h	116.29	−0.053%	—	$649K	20x	as long as short
Derive SOL-PERP	−0.0008%	1h	116.27	−0.078%	$1.8M	$3.0M	13x	as long as short
gTrade (Gains Network) SOL/USD	L −0.0001% / S +0.0004%	1h	116.36	−0.001%	$42K	—	150x	as long as short
Kalshi KXSOLPERP	0.0000%	8h	116.37	+0.009%	$1.4M	$19.3M	3.1x	as long as short
Perpl SOL	0.0000%	43m	116.30	−0.052%	$99K	$3.5M	8.3x	as long as short

Show all 55 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX SOL-USD	+0.0005%	1h	116.30	−0.045%	$4.3M	$23.5M	20x	as long as short
Bitget SOLUSDT	+0.0024%	8h	116.24	−0.101%	$479.6M	$456.2M	100x	as long as short
Coinbase International SOL-PERP-INTX	+0.0048%	1h	116.35	−0.003%	$7.8M	$398.0M	50x	as long as short
Aster SOLUSDT	+0.0053%	8h	116.30	−0.048%	$177.1M	$168.9M	100x	as long as short
Orderly PERP_SOL_USDC	+0.0071%	8h	116.34	−0.011%	$1.0M	$6.1M	100x	as long as short
01 Exchange SOLUSD	+0.0080%	1h	116.32	−0.031%	$100K	$182K	20x	as long as short
Paradex SOL-USD-PERP	+0.0095%	8h	116.25	−0.094%	$1.0M	$554K	50x	as long as short
Lighter SOL	+0.0096%	1h	116.32	−0.029%	$13.1M	$61.0M	25x	as long as short
Lighter RH SOL	+0.0096%	1h	116.31	−0.042%	$2.1M	$16.8M	25x	as long as short
Aevo SOL-PERP	+0.0096%	1h	116.32	−0.031%	$351K	$256K	20x	as long as short
Deribit SOL_USDC-PERPETUAL	+0.0099%	1h	116.40	+0.034%	$26.3M	$21.7M	50x	as long as short
Katana Perps SOL-USD	+0.0100%	8h	116.25	−0.091%	$64K	$912K	20x	as long as short
Nado SOL-PERP	+0.0100%	1h	116.27	−0.071%	$5.3M	$41.5M	40x	as long as short
Hyperliquid SOL	+0.0100%	1h	116.38	+0.020%	$696.1M	$408.9M	20x	as long as short
Pacifica SOL	+0.0100%	1h	116.30	−0.046%	$15.7M	$130.4M	20x	as long as short
Binance SOLUSDT	+0.0100%	8h	116.28	−0.070%	$961.6M	$3.86B	100x	as long as short
OKX SOL-USDT-SWAP	+0.0100%	8h	116.25	−0.091%	$366.2M	$1.76B	100x	as long as short
Ondo Perps SOL-USD.P	+0.0100%	1h	116.27	−0.074%	$216K	$853K	10x	as long as short
Arcus SOL-USD	+0.0100%	1h	116.32	−0.035%	$922K	$8.5M	20x	as long as short
Bulk SOL-USD	+0.0100%	1h	116.21	−0.127%	$125.5M	$25.5M	20x	as long as short
Gate SOL_USDT	+0.0100%	8h	116.33	−0.023%	$843.2M	$670.1M	100x	as long as short
MEXC SOL_USDT	+0.0100%	8h	116.30	−0.048%	$369.6M	$1.07B	300x	as long as short
KuCoin SOLUSDTM	+0.0100%	8h	116.31	−0.038%	$129.4M	$236.1M	75x	as long as short
BingX SOL-USDT	+0.0100%	8h	116.29	−0.056%	—	$374.4M	—	as long as short
Backpack SOL_USDC_PERP	+0.0100%	1h	116.31	−0.040%	$22.8M	$35.7M	50x	as long as short
Variational Omni SOL	+0.0100%	8h	116.17	−0.160%	$24.8M	$107.4M	—	as long as short
edgeX SOLUSDC	+0.0100%	4h	116.11	−0.212%	$93.2M	$406.4M	75x	as long as short
GRVT SOL_USDT_Perp	+0.0100%	8h	116.20	−0.137%	$47.5M	$29.1M	20x	as long as short
ApeX Omni SOLUSDT	+0.0100%	1h	116.22	−0.121%	$1.2M	$6.7M	50x	as long as short
StandX SOL-USD	+0.0100%	1h	116.21	−0.126%	$1.3M	$11.3M	30x	as long as short
Polymarket Perps SOL-USD	+0.0100%	1h	116.33	−0.023%	$316K	$2.8M	20x	as long as short
Bullet SOL-USD	+0.0100%	1h	116.36	+0.003%	$281K	$1.7M	20x	as long as short
Bluefin SOL-PERP	+0.0100%	1h	116.33	−0.021%	$27K	$36K	25x	as long as short
SunX SOL-USDT	+0.0100%	8h	116.33	−0.023%	$189K	$1.7M	30x	as long as short
SoDEX SOL-USD	+0.0100%	1h	116.33	−0.023%	$6.1M	$11.0M	20x	as long as short
HTX SOL-USDT	+0.0100%	8h	116.28	−0.063%	$225.1M	$50.8M	75x	as long as short
Phemex SOLUSDT	+0.0100%	8h	116.32	−0.031%	$45.2M	$104.2M	50x	as long as short
Extended SOL-USD	+0.0104%	1h	116.21	−0.124%	$8.2M	$36.9M	50x	as long as short
Jupiter Perps SOL-PERP	L +0.0120% / S +0.0056%	1h	116.22	−0.115%	—	$232.9M	500x	as long as short
Phoenix SOL	+0.0130%	1h	116.31	−0.040%	$6.5M	$13.6M	25x	as long as short
Reya SOLRUSDPERP	+0.0196%	1h	116.31	−0.037%	$1.1M	$545K	25x	as long as short
BloFin SOL-USDT	+0.0220%	8h	116.23	−0.109%	$52.0M	$65.4M	125x	as long as short
GMX SOL/USD [SOL-USDC]	L +0.0231% / S −0.0169%	1h	116.35	−0.008%	$3.5M	—	200x	as long as short
Aftermath Perps SOLUSD	+0.0442%	1h	116.25	−0.096%	$25K	$57K	20x	as long as short
RISEx SOL/USDClong	+0.0485%	1h	116.36	long leg	$2.1M	$4.8M	20x